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Where is the best place in London to buy property? W2 Bayswater, Paddington and Queensway the new housing hot spot.

Views of Hyde Park the district has arguably the strongest development potential of any prime central London residential market, meaning that in the 21st century it sits firmly on the right side of the park.

An ambitious £1 billion plan to turn Bayswater and Queensway into a Covent Garden of the West” by 2020.

The backers of the scheme have secretly bought dozens of properties along the street — since the start of the year 2014

They hope to create a shopping and eating out “village” modelled on London’s great family estates such as the Grosvenor in Mayfair and Belgravia.

If approved by Westminster council Queensway will get wider pavements and part-pedestrianised side roads.

Bayswater's new apartments

A new set of apartments, known as The Lancaster’s, was a game-changer. This redevelopment of a former Thistle Hotel fronting Hyde Park brought 76 sumptuously embellished apartments to the market, with equally grand multi-million pound price tags at up to £3,800 a square foot.

“Bayswater has seen fantastic price growth — more than 30 per cent over the last three years, “And there’s more to come. The W2 postcode is a shrewd place to invest.”